Card Range To Study

45 Cards in this Set

Front

Back

3rd side (hint)

Populists

The peoples party; formed in 1892;
1. supported a graduated income tax
2. bank regulations
3. govt ownership of some companies,
4. restrictions on immigration
5. shorter work days
6. and a voting reform

The people's party, formed in what year..what 6 things did they support?

Gilded Age

years between civil war and World War I

institutions undertook financial manipulations that went virtually unchecked by govt

era produced many infamous actvities in the security markets

marked by growth of industry which supported materialism and political corruption

what was the age between (two wars)

what did institutions undertake that went virtually unchecked by govt?

what infamous activities did this era produce?

what marked growth marked this area? what two things did it support?

Silverties

Supported by Democrats and Populists

The leader - William Bryan

- Favored establishment of silver as monterary standard

What two groups was it supported by?

Who was their leader?

What monterary standard did it support?

Gold Bug

Defenders of the gold standard in the 19th century

Made up of bankers and industrialists

What did it defend in the 19th century?

What two groups did it make up of?

Progressives

Organized by Republican insurgents in 1911

Supported Teddy Roosevelt in 1912

AKA - Bull Moose Party

What political insurgent was this organized by?

What presidental candiate did they support?

What is another name for them?

Billion-Dollar Congress

Name given to congress when they met from 1889 to 1891 because of lavish spending on:
1. internal improvements,
2.naval building,
3. pensions

What three things did congress spend lavisly on?

McKinley Tariff

Bill in 1890 that added to many products to the "not taxed" list

Led to sharp rising of product prices

This bill in 1890 added many products to what?

It led to the sharp rising of product what?

Sherman Anti-Trust Act

Prevented Monopolies on any market

Used by the government to break up large corporations

Outlawed any contract, combination, or conspiracy in restraint of trade or commerce among several states or with foreign nations

Prevented wha on any market?

Used by the government to break up large what?

Outlawed three things (all with c's!) in restraint to trade or what among several what or with.....nations

Teddy Roosevelt

McKinelys's Vice President

Youngest President ever

Became pres in 1901

Strengthened executive branch through personality and his progressive agenda

Who was he VP for?

He was the blank president ever

Became president in the year 1901

Strenthed the what branch through his personality and his what agenda

William Taft

27th President

Defended the Payne-Aldrich Tariff

27th President

What tariff did he defend?

Payne-Aldrich Tariff

Compromise between two bills by Payne and Aldrich, decreased the prices on some tariffs, however, increased numerous more

Compromise between who and who, decreased the what on some tariffs, however, what numerous more

Federal Reserve Act

establishment of Federal Reserve Banks, to furnish a commercial paper currency, and to supervise US Banking

establishment of Federal what Banks, to furnish a what paper currency, and to suppervise US what

Clayton Anti-Trust Act

Law forbids every contract, scheme, deal, conspiracy, to restrain trade.

Also forbids conspiracies to secure monopoly of a given industry.

Law forbids every contract, what, what, and what to restrain what

Also forbids what to secure monopoly of a given what

Federal Trade Commission

An outline of what should and shoudn't be done in fair trade.

A commision was set up by Pres. Woodrow Wilson to enforce fair trade

An outline of what should and shouldn't be done in fair what

A what was set up by who to enforce fair what?

Federal Farm Loan Act

Established in 1916

Created 12 Farm Loan Banks to serve members of Farm Loan Associations

Farmers could borrow up to 50% of the value of land and 20% of the value of their improvements

Established in 1916

Created 12 Farm Loan Banks to serve members of Farm Loan what

Farmers could borrow up to 50% of the value of what and 20% of the value of their what

Income Tax of 1916

Passed under the Wilson Administration that would take a percentage of money out of a person's salary

Teapot Dome Scandal

Involved the leasing of naval-oil-reserve-lands to a private oil company. The secretary of the interior, who had been appointed by Harding, Albert Fall, was later jailed for taking bribes to approve the leases

Laissez-Faire capitalism

Free enterprise system

policy that government should interfere as little as possible in the nation's economy

The govt can protect private property rights and maintain peace

Second Industrial Revoultion

Britain had the first, USA followed. Foreign investors saw more opportunity for profit and growth in the US than at home.

Vanderbilt and the Railroad

Vanderbilt's railroad investments brought home power and wealth - Had over 4,500 miles of railroad track and took in over $100 million

Standard Oil

The company's product set the industry standard

Bessemer Process

Efficient method of making steel, developed by British inventor Bessemer and American Kelly

US Steel

American steel production skyrocketed from about 15,000 tons in 1865 to more than 28 million tons by 1910

Gospel of Wealth

Essay written by Andrew Carnegie, which insisted that the wealthy had a solemn obligation to use their riches for the advancement of society

Social Darwinism

Theory adopted by philospher Herbert Spencer from Charles Darwin's theory of evoultion, argued that society progressed through competition with the fittest rising to positions of wealth and power

Myth of the Self-Made man

Every American could attain untold riches if sufficently working and ambitious. Unionization and radical idelogy spead

London Economic Congress

66 nations met in London that revealed how throughly FDR's early foreign policy was subordinated to his strategy for domestic ecnomic recovery

Vertical integration

Ownership of business involved in each step of a manufacturing process

Horizontal integration

Ownership of several companies making the same product

Trusts

Arrangement grouping several companies under one board of directors to eliminate competition and to regulate production

Cartels

combinations of independent buisness organizations formed to regulate production, pricing, and marketing of goods

Panic of 1893 and Resulting Depression

One of the country's leading railroad companies failed. This led to a financial panic that sent stock prices plunging.

Global Depression

many countries went into ecnomic depression after WWI

Income Gap and Consumer Debt

Unequal distribution of income. The reliance on consumer credit contributed to economic debts

Business Cycle

Better financial planning in the 1920's wouldn't have prevented the depression. There were regular "ups and downs" of business in a free-enterprise economy

Increasing Joblessness

America went from 1.5 to 15 million people without jobs

Life in the City

Faced unemployment and poverty

Life on the Farm

poverty made it hard for city dwellers to purchase products

Family Strains

Many families broke up because of so much stress and problems

Hoover: Responsive measures

believed sucess comes through invidual effort and private enterprise

Taft-Hartley Act

pro-business act - permitted states to pass the "right to war" laws outlawing the union shop

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